Gold prices in Pakistan surged to an all-time high on Tuesday, with the rate of 24-karat gold reaching Rs. 441,800 per tola, and Rs. 378,780 per 10 grams, according to data compiled from the All Pakistan Gems and Jewellers Association and gold.pk.
The sharp rise in domestic gold prices reflects global trends, where international gold rates have been climbing steadily amid economic uncertainty, geopolitical tensions, and expectations of lower U.S. interest rates. Investors are turning toward gold as a safe-haven asset, pushing prices to record levels worldwide.
Market analysts attribute the continuous increase in gold prices to the weakening of the Pakistani rupee against the U.S. dollar and a surge in global bullion demand. Economic experts warn that while gold continues to provide a hedge against inflation, the rapid appreciation in prices may also affect local jewelry demand and wedding season sales.
According to international market reports, the price of gold currently stands near $4,180 per ounce, with analysts predicting further gains if monetary easing policies persist in the coming months.
Traders in Karachi, Lahore, and Islamabad report limited trading activity due to high price volatility. Jewelers say most buyers are currently focused on smaller quantities and investment-grade gold bars rather than heavy jewelry purchases.
